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2013 and earlier Lexus ES 350 Lease Questions
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Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 ES 350 with 10,000 miles per year are .00120 and 62% for consumers who qualify for its top aka Tier 1+ credit tier.
Car_man
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The residual value for an otherwise identical lease of a '13 ES 300h is the same, but the money factor is slightly higher at .00145 for Tier 1+ customers.
Car_man
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It sounds like there's no competition in your area. Have you tried shopping further away? I probably would if I was in your situation.
Car_man
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Car_man
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Are these accurate for the month of March for a 36 Month Lease on an ES350?
Lexus Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2013 ES 350 with 10,000 miles per year are .00120 and 62% for consumers who qualify for its top aka Tier 1+ credit tier
Also, do you have a link or some advice to not sound like a idiot when talking MF with a dealer? Also, will a Lexus dealer try to bump you on MF and residule percentage if you are going through Lexus Financial?
Thanks for always being there!
Don't worry about sounding like an idiot at the dealer. You are far from it given the research that you're doing. If you know what you want to pay for the car and what the money factor should be prior to visiting any dealers don't let them make you feel silly. Dealers do not have the authority to alter LFS' published residual values, but they probably can mark up its money factors.
Car_man
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The residual values for the 2013 ES 300h are the same, but the money factor is slightly higher....00145.
Car_man
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I got a response was "The lease money factor for the 2013 ES 350 would be .00150 with approved credit. The residual value for a 3 year, 15,000 miles per year lease is currently 59% of MSRP.
I then stated, "I thought the current money factor was .00120". He replied with, "That is what’s called the “buy rate” from Lexus to the dealers. The rate I gave you is a discounted mark-up rate.
Can someone please explain? Am I getting screwed?
2013 ES 350 (basic package with rear camera), 36 MO, ZERO DOWN, 15K miles/yr
MSRP $40,071 - Discount ( $2,403.08) = Selling price $37667.92
Starting fees (sales tax, dealer, tag)= $3563.59
Offer: 36 mo @$552.00
Using the money factor mentioned in this thread for march .00120 with 59% residual, i calculate a payment of $463/mo. I have asked the salesperson for the money factor and am waiting to hear back but he wants to close the deal tomorrow morning and, honestly, it is the best deal i have gotten so far. plus, i am turning my car in early and saving two monthly payments on top.
any advice PRONTO would be soo very helpful!!
My question now is: should I buy the prepaid maintenance package?
I have in the past thinking I was obligated to under the lease but now I realize that I am not. I plan on getting the oil changed at my local toyota dealer. Lexus mentioned a "big service" at 45K miles that costs about $700.00 - i think it is ridiculous since their own guidelines say all the car needs is an oil change every 10K miles and tire rotation and minor checks every 5k miles.
Car man, would you please provide me with some guidance?? I have always done prepaid maintenance so I am curious if Lexus requests documentation proving that you had their "specific maintenance" performed prior to surrendering the vehicle. I looked at the lease agreement and did not see any mention of it. So, as I see it, I can get the oil changed at jiffylube or anywhere else for that matter. Thanks
Car_man
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Car_man
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Also they paid the first months lease as well as bought out our current lease which was ending next month.
I didn't use a broker to get my mortgage, I went straight to the bank that I got the loan from and dealt with them. I equate the dealer's F&I department marking up rates to using a broker who has to profit from your deal by marking up your rate.
What personally rubs me the wrong way is when a dealer tells me that they are selling me the vehicle that I want at $500 over invoice implying that they are giving me an amazing deal and then marking up the finance rates to pad their profit on the other end.
In the end, I don't begrudge anyone trying to make a profit...the dealers just aren't going to make a huge one off of me when I get my new vehicle .
Car_man
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Model: 9000
Year: 2013
Interior Color: PARCHMENT
Exterior Color: DEEP SEA MICA
I was able to negotiate 2 year 12000 miles per year $420 a month $2500 upfront includes everything (including tax 8% NYS) drive off.
MSRP of $43702
here is the break down of options:
Blind Spot Monitor w/Rear Cross Traffic Alert $500.00
Luxury Package: Perforated leather-trimmed interior,
Heated & ventilated front seats, Dark brown bird's-eye
maple wood interior trim, Power tilt-and-telescopic steering
wheel, Lexus Memory Sys for driver's seat, outside mirrors,
& steering wheel, Remote Keyless entry-linked memory
Hard Disk Drive Navigation system with Backup Camera, 8"
VGA Screen, Lexus Enform with App Suite Destination
Assist, and eDestination, Lexus Insider, Voice Command,
Single DVD/CD Player, HD Radio SiriusXM NavTraffic,
SiriusXM NavWeather, an SiriusXM Sports & Stock
(includes 1-yr trial subscription) $2,625.00
Rain Sensing Wipers with Deicer $155.00
Intuitive Parking Assist $500.00
Wood & Leather Trimmed Shift Knob and Heated Wood & Leather Trimmed Steering Wheel $480.00
Accy Pkg: Trunk Mat, Cargo Net & Wheel Locks $242.00
Total Optional Equipment $6,707.00
Vehicle Base Model $36,100.00
Delivery Processing & Handling $895.00
Total MSRP $43,702.00
i think it's a good deal. what do you think?
What are the current lease numbers for 27 and 36 month leases on a 2013 ES350? Need the residual and MF for both terms if possible. Thanks.
The numbers for an otherwise identical 36-month lease are .00095 and 58%.
Car_man
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The numbers for an otherwise identical 36-month lease are .00170 and 60%.
I am not aware of any special financing rates or cash incentives on this model right now.
Car_man
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CUSTOMER DISCLOSURE
Customer Name: Inside Car Buying, LLC WD Deal ID: 25196
Sale Vehicle: New 2013 LEXUS ES 350 9000 4dr Sdn w/AC , Automatic , Odom: 0
Payment Details
Term 27
Base Payment 427.81
Total Payment 427.81
Purchase Option 29,717.36
MSRP 43,702.00
Est. Miles Per Year 12,000
Excess Mileage Charge 0.25
Amount Due at Signing
1st Month Payment 427.81
Acquisition Fee 700.00
Fees & Insurance 181.00
Upfront Taxes 909.04
Total Inception Fees 2,217.85
Total Cash Required on Delivery 2,217.85
Tax Information
Customer State: New York Customer County: WESTCHESTER
Type Amount Rate Paid
Cashdown Tax 57.16 7.3750 Upfront
Upfront Tax 851.88 7.3750 Upfront
Fee Information
Description Amount Paid
Reg 83.50 Upfront
Insp 10.00 Upfront
Title 12.50 Upfront
DocFee 75.00 Upfront
Only a thought. :confuse: ">
Not stated in the list, Is it the full MSRP?
Thanks
The numbers for an otherwise identical 24-month lease are .00075 and 70%.
Car_man
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What would be the MF & Residual for 2013 ES 350 for 24-27 month lease and 10K miles/yr? And 36 months for 10K?
Do they have advertised deals with no Cap Reduction, or is strictly based on the what the dealer is offering? Is it likely to improve near July 4? I understand that no one can be sure, but what is historical trend?
TIA
Oops - just noticed his info is for 12k miles - I think the residual goes up 1% for 10k.
2017 Accord Sport CVT Mod Steel Metallic
I'm looking for the June numbers for leasing an ES300h, 36 month term with both 15k and 18k a year.
Is there any benefit, to wait till July 4th?
Thanks,
2017 Accord Sport CVT Mod Steel Metallic
2017 Accord Sport CVT Mod Steel Metallic
The numbers for an otherwise identical 36-month lease are .00075 and 61%.
Lexus is providing a $500 cash incentive on leases of this car right now.
Lexus may not be advertising leases with nothing down, but as a consumer you are free to lease any vehicle that you want without making any sort of capitalized cost reduction. In fact, it is in your best interest not to put any money down when leasing.
If I recall correctly, last year Lexus' lease program actually became slightly worse from June to July.
Car_man
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If you need to drive more than 15,000 miles per year, you will probably have to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty.
Lexus current lease program for this model is scheduled to run through July 8th. There probably would be some benefit to waiting until the end of the month to get a new car because that typically is the time that dealers are willing to cut the best deals, but I wouldn't wait until after the current program expires. I wouldn't be surprised if the July lease program for this model was worse. Of course, there's no way to say for certain what will happen.
Car_man
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There is indeed a $500 cash incentive on leases of this car right now.
Car_man
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The dealer has offered to lease us the car for $750 down and $475 per month. We have very good credit.
Is this a good deal?
Thanks in advance!